Paychex, Inc. (PAYX)
Growth
Revenue 5Y7.87%
Revenue 3Y6.79%
EPS 5Y11.20%
EPS 3Y10.28%
Dividend 5Y8.53%
Dividend 3Y6.39%
Capital Efficiency
ROIC43.15%
ROE46.14%
ROA15.92%
ROTA16.28%
Capital Structure
Market Cap40.74B
EV40.52B
Cash1.10B
Current Ratio1.30
Debt/Equity0.65
Net Debt/EBITDA-0.10
PAYX
Income Statement
Select a metric from the list below to chart it
May '86
May '93
May '00
May '07
May '14
May '21
| Income Statement | May '14 | May '15 | May '16 | May '17 | May '18 | May '19 | May '20 | May '21 | May '22 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,518.9 | 2,739.6 | 2,951.9 | 3,151.3 | 3,380.9 | 3,772.5 | 4,040.5 | 4,056.8 | 4,611.7 | 4,816.8 | |
| Revenue % Chg. | 8.3% | 8.8% | 7.7% | 6.8% | 7.3% | 11.6% | 7.1% | 0.4% | 13.7% | 11.2% | |
| Cost of Revenue | 732.5 | 808.0 | 857.1 | 919.6 | 1,017.8 | 1,177.8 | 1,280.8 | 1,271.2 | 1,356.3 | 1,422.5 | |
| Cost of Revenue % Chg. | 9.1% | 10.3% | 6.1% | 7.3% | 10.7% | 15.7% | 8.7% | -0.7% | 6.7% | 10.5% | |
| Gross Profit | 1,786.4 | 1,931.6 | 2,094.8 | 2,231.7 | 2,363.1 | 2,594.7 | 2,759.7 | 2,785.6 | 3,255.4 | 3,394.3 | |
| Gross Profit % Chg. | 7.9% | 8.1% | 8.4% | 6.5% | 5.9% | 9.8% | 6.4% | 0.9% | 16.9% | 11.5% | |
| Gross Profit Margin | 70.9% | 70.5% | 71.0% | 70.8% | 69.9% | 68.8% | 68.3% | 68.7% | 70.6% | 70.5% | |
| Gross Profit Margin % Chg. | -0.3% | -0.6% | 0.6% | -0.2% | -1.3% | -1.6% | -0.7% | 0.5% | 2.8% | 0.3% | |
| Selling, General, & Admin Expenses | 803.7 | 878.0 | 948.2 | 992.1 | 1,075.6 | 1,223.4 | 1,299.2 | 1,324.9 | 1,415.4 | 1,469.6 | |
| Selling, General, & Admin Expenses % Chg. | 7.1% | 9.2% | 8.0% | 4.6% | 8.4% | 13.7% | 6.2% | 2.0% | 6.8% | 9.8% | |
| Operating Income | 982.7 | 1,053.6 | 1,146.6 | 1,239.6 | 1,287.5 | 1,371.3 | 1,460.5 | 1,460.7 | 1,840.0 | 1,924.7 | |
| Operating Income % Chg. | 8.6% | 7.2% | 8.8% | 8.1% | 3.9% | 6.5% | 6.5% | 0.0% | 26.0% | 12.8% | |
| Operating Income Margin | 39.0% | 38.5% | 38.8% | 39.3% | 38.1% | 36.3% | 36.1% | 36.0% | 39.9% | 40.0% | |
| Operating Income Margin % Chg. | 0.3% | -1.4% | 1.0% | 1.3% | -3.2% | -4.5% | -0.6% | -0.4% | 10.8% | 1.5% | |
| Total Other Income/Expenses Net | 5.4 | 6.4 | 4.5 | 5.2 | 8.6 | -3.3 | -23.4 | -26.5 | -15.4 | -14.4 | |
| Total Other Income/Expenses Net % Chg. | -18.2% | 18.5% | -29.7% | 15.6% | 65.4% | - | 609.1% | 13.2% | 41.9% | 11.1% | |
| Income Before Tax | 988.1 | 1,060.0 | 1,151.1 | 1,244.8 | 1,296.1 | 1,368.0 | 1,437.1 | 1,434.2 | 1,824.6 | 1,910.3 | |
| Income Before Tax % Chg. | 8.4% | 7.3% | 8.6% | 8.1% | 4.1% | 5.5% | 5.1% | -0.2% | 27.2% | 13.1% | |
| Income Before Tax Margin | 39.2% | 38.7% | 39.0% | 39.5% | 38.3% | 36.3% | 35.6% | 35.4% | 39.6% | 39.7% | |
| Income Before Tax Margin % Chg. | 0.1% | -1.4% | 0.8% | 1.3% | -2.9% | -5.4% | -1.9% | -0.6% | 11.9% | 1.7% | |
| Income Tax Expense | 360.6 | 385.1 | 394.3 | 427.5 | 362.4 | 333.6 | 339.0 | 336.7 | 431.8 | 443.7 | |
| Income Tax Expense % Chg. | 5.3% | 6.8% | 2.4% | 8.4% | -15.2% | -7.9% | 1.6% | -0.7% | 28.2% | 8.1% | |
| Net Income | 627.5 | 674.9 | 756.8 | 817.3 | 933.7 | 1,034.4 | 1,098.1 | 1,097.5 | 1,392.8 | 1,466.6 | |
| Net Income % Chg. | 10.3% | 7.6% | 12.1% | 8.0% | 14.2% | 10.8% | 6.2% | -0.1% | 26.9% | 14.7% | |
| Net Income Margin | 24.9% | 24.6% | 25.6% | 25.9% | 27.6% | 27.4% | 27.2% | 27.1% | 30.2% | 30.4% | |
| Net Income Margin % Chg. | 1.8% | -1.1% | 4.1% | 1.2% | 6.5% | -0.7% | -0.9% | -0.5% | 11.6% | 3.1% | |
| Weighted Avg. Shares Out | 364.5 | 362.9 | 360.7 | 359.8 | 359.0 | 359.2 | 358.5 | 359.9 | 360.6 | 361.1 | |
| Weighted Avg. Shares Out % Chg. | 0.2% | -0.4% | -0.6% | -0.2% | -0.2% | 0.1% | -0.2% | 0.4% | 0.2% | 0.2% | |
| EPS | 1.7 | 1.9 | 2.1 | 2.3 | 2.6 | 2.9 | 3.1 | 3.1 | 3.9 | 4.1 | |
| EPS % Chg. | 10.3% | 8.1% | 12.9% | 8.1% | 14.5% | 10.8% | 6.3% | -0.3% | 26.6% | 14.1% | |
| Weighted Avg. Shares Out Dil | 366.1 | 364.6 | 362.5 | 362.6 | 361.5 | 361.8 | 361.0 | 362.1 | 363.1 | 362.9 | |
| Weighted Avg. Shares Out Dil % Chg. | 0.4% | -0.4% | -0.6% | 0.0% | -0.3% | 0.1% | -0.2% | 0.3% | 0.3% | 0.0% | |
| EPS Diluted | 1.7 | 1.9 | 2.1 | 2.3 | 2.6 | 2.9 | 3.0 | 3.0 | 3.8 | 4.1 | |
| EPS Diluted % Chg. | 9.6% | 8.2% | 13.0% | 7.7% | 14.7% | 10.9% | 6.3% | -0.3% | 26.7% | 14.7% | |
| Interest Income | 6.9 | 7.8 | 8.4 | 9.9 | 11.9 | 13.3 | 12.3 | 2.3 | 2.9 | - | |
| Interest Income % Chg. | - | 13.0% | 7.7% | 17.9% | 20.2% | 11.8% | -7.5% | -81.3% | 26.1% | - | |
| Interest Expense | 1.1 | 0.7 | 1.1 | 2.5 | 3.9 | 17.6 | 38.8 | 35.8 | 36.6 | - | |
| Interest Expense % Chg. | - | -36.4% | 57.1% | 127.3% | 56.0% | 351.3% | 120.5% | -7.7% | 2.2% | - | |
| EBIT | 993.9 | 1,067.1 | 1,158.4 | 1,252.2 | 1,304.1 | 1,363.7 | 1,410.6 | 1,400.7 | 1,790.9 | 1,910.3 | |
| EBIT % Chg. | 9.1% | 7.4% | 8.6% | 8.1% | 4.1% | 4.6% | 3.4% | -0.7% | 27.9% | 13.1% | |
| EBIT Margin | 39.5% | 39.0% | 39.2% | 39.7% | 38.6% | 36.1% | 34.9% | 34.5% | 38.8% | 39.7% | |
| EBIT Margin % Chg. | 0.7% | -1.3% | 0.7% | 1.3% | -2.9% | -6.3% | -3.4% | -1.1% | 12.5% | 1.7% | |
| Depreciation & Amortization | 105.0 | 106.6 | 115.1 | 126.9 | 138.0 | 181.5 | 209.7 | 192.0 | 191.8 | 197.0 | |
| Depreciation & Amortization % Chg. | 6.9% | 1.5% | 8.0% | 10.3% | 8.7% | 31.5% | 15.5% | -8.4% | -0.1% | 4.9% | |
| EBITDA | 1,098.9 | 1,173.7 | 1,273.5 | 1,379.1 | 1,442.1 | 1,545.2 | 1,620.3 | 1,592.7 | 1,982.7 | 2,107.3 | |
| EBITDA % Chg. | 8.8% | 6.8% | 8.5% | 8.3% | 4.6% | 7.1% | 4.9% | -1.7% | 24.5% | 12.3% | |
| EBITDA Margin | 43.6% | 42.8% | 43.1% | 43.8% | 42.7% | 41.0% | 40.1% | 39.3% | 43.0% | 43.7% | |
| EBITDA Margin % Chg. | 0.5% | -1.8% | 0.7% | 1.4% | -2.5% | -4.0% | -2.1% | -2.1% | 9.5% | 1.0% |